Vitalik Buterin spoke out in defense of Base, marking the importance of decentralized consensus for 1 key safety issue is the ability of users to still move funds, even if the L2 stopped 2 Buterin spoke out on the key feature of L2 3 for some the issue is frivolous, Buterin explained L2s are not “glorified servers” sending transactions to Ethereum. Instead, the chains allow users to move their funds in a permissionless way, even if the L2 stops 4 feature is seen as key to awarding L2s decentralized status, and avoids potential losses in the case a chain decides to 5 explained that L2s are non-custodial, and in the end cannot censor transactions, as it happened briefly on the Soneium 6 is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum’s decentralized base layer for 7 does not have custody over your funds, they cannot steal funds or… 0 — 8 (@VitalikButerin) September 22, 2025 This level of security, however, still does not exclude financial risk, and cannot guarantee the safety of 9 only achievement is that the DEX is not a custodian of 10 Cryptopolitan reported earlier, Buterin is focusing again on L2 and their interaction with 11 December, Ethereum will also increase its capacity for L2 transactions, further boosting speed and lowering 12 L2s capable of grabbing user funds?
Armani Ferrante, founder of the Backpack wallet and DEX, mentioned that in some cases, margin trading may require a form of custody and funds that are briefly locked by a third party, to achieve trading. Ferrante, who was an early hire of Alameda Research, aims to dispel fears of custodial overstepping and harming the rights of 13 Kavuri, FTX creditor activist, warned that not all trading was the same, as in the case of Alameda Research, which directly grabbed and used deposits to 14 far, there is no data of a L2 chain being able to control user funds to a high extent, repeating the model of Alameda Research. Ethereum’s infrastructure still allows censorship-free, direct movements of L2 15 Pollak, founder of Base, explained the chain’s 16 stated the Base sequencer works as a fast lane, but users were free to order Base transactions directly on Ethereum, with no 17 pathway to transacting may take longer to settle in some cases, suggesting sequencers can still affect some transactions, as users will have to accept delays.
L2 chains keep expanding activity L2 chains keep expanding their activity, with 35% in value growth for the past 18 of September, the chains secure $54.9B in value, moving close to the previous all-time peak in late 2024. L2 chains post near-peak value and record 19 Buterin once again reiterated that decentralization is a safety issue, to avoid centralized transaction censorship. |
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